Norwest Venture Partners has led a INR2 billion ($27.4 million) Series D round for Veritas Finance, an Indian non-banking finance company (NBFC) focused on micro, small, and medium-sized enterprises (MSMEs).
UK-based development finance institution CDC Group, which led Veritas’ $18.6 million Series B round last year, also participated in the funding round, along with Indian entrepreneur Surendra Pai. Veritas...
Exits remain challenging in Southeast Asian private equity, but LPs see a growing willingness among the region’s GPs to take this difficulty into account when planning their investments.
Alibaba Group has led a $150 million Series D round of funding for Knowbox, a Chinese education start-up that develops a range of mobile apps aimed at students and teachers.
EBay has acquired a 5.5% stake in Paytm Mall, the e-commerce arm of Indian online payments platform Paytm.
Switzerland-based private equity firm Vaalon Capital and Netherlands investor IFSD BV have provided a combined $15 million to Indian financial and enterprise services provider MyMoneyMantra (MMM).